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Statement of Change in Departmental Net Debt (Unaudited)

Statement of Change in Departmental Net Debt (Unaudited)

For the year ended March 31
(in dollars)
Planned
Results
2014
2014 2013

Net cost of operations after government funding
406,000 (50,516) (1,134,035)

Change due to tangible capital assets
Acquisition of tangible capital assets 100,000 363,651 1,325,276
Amortization of tangible capital assets (661,000) (363,545) (221,264)
Total change due to tangible capital assets (561,000) 106 1,104,012

Change due to prepaid expenses
(1,000) (25,303) 71,750

Net increase (decrease) in departmental net debt
(156,000) (75,713) 41,727

Departmental net debt - Beginning of year
1,327,000 1,146,378 1,104,651

Departmental net debt - End of year
1,171,000 1,070,665 1,146,378

The accompanying notes form an integral part of the financial statements.